The stock market felt the pain of the economy, and fell 206 points today – lots of volatility this week. Bonds increased in value and ended with the 10 Year Treasury Bond below 4%.
Oil and gasoline moved down again today, the Dollar stayed the same and gold rose a little.
In the news today…..
I love the […]
Today’s markets were jolted by a volatile oil price. Oil started out lower, then headed up at the end of the day, gaining over $4.50/barrel. Stocks started out up, and the headed back to yesterday’s close, and then headed way up. Stocks totally ignored the rising oil price, and instead decided to concentrate on the […]
Stocks jumped today on pure optimism that all the banking woes are over, and the housing market is near its bottom, and the dollar is in a long term rally, and oil will continue to fall in price until they give gas away.
Bonds didn’t believe all that hype, but lost some value.
The Dollar did rally […]
Stocks crashed today, down 240 points. There is just great nervousness in the marketplace over what’s happening in our economy. Bonds recovered most of Friday’s loss today.
Gold and the Dollar went sideways.
Oil and gasoline started upwards a little today.
In the news today and last weekend……
The US Budget Deficit will hit $482B this year, and will […]
Trouble, trouble, boil and bubble…. That explained all the markets today, except oil which continued its downward path by losing $2.23/barrel today. Sideways is such a safe move for markets – even if it does it in a high volatility way.
In the news today….
Consumer confidence was up last month – due to the receipt of […]
The stock market can be so much fun. Today was one of those days as stocks didn’t like the housing data and plunged 283 points. Bonds did its thing, and you should be getting used to bond and stock values going in opposite directions, as interest rates fell to just above 4%.
The Dollar and Gold […]
Stocks tried to surge up today as Congress was voting on passing the Fannie/Freddie bailout legislation. But, they ran out of steam, and ended up only 30 points today.
Bonds are getting clobbered with the 10 Year Treasury now sitting at 4.15%. This is a 0.4% jump in rates in about one week. I can smell […]
The battle for stocks was whether the bad news about Wachovia was worse than the good news about oil. Oil won the battle, and stocks rose 135 points at the end of the session. Bonds got hit a little with the bad news about inflation.
The Dollar rose as the FED stated that rates will be […]
Today was mostly a sideways day for almost all the markets. Stocks finished down 29 points after starting in positive territory. Bonds were basically level.
Oil and gasoline started their way back up, by adding $2 today. Gold also claimed a small $7 gain today.
Currencies were the quiet market by not having any “hoop-la” in the […]
This was a great week for stocks. They up, then up, and then up again. Sort of an up week. Bonds, on the other hand, did just the opposite.
The Dollar acted strangely as it got strong, and then weakened the rest of the week, but this was not reported by the press; it’s just an […]